Time for a Raise?
Affordable rent is in parentheses; it's calculated by multiplying the median family income by .3 (as federal guidelines recommend spending no-more than 30% of your income on housing), then diving the number by 12 (as in 12 months). For Travis County, MFI in fiscal year 2006 was $69,600, for a family of four.
* MFI figures were calculated by city of Austin and not defined directly by HUD.
|Household Size||One Person||Two People||Four People|
|100% MFI*||48,700 |
|120% MFI*||58,450 |